Measures of liquidity, Solvency, and Profitability

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2.

Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Retained earnings, January 1	$3,704,000		$3,264,000
Net income	600,000		550,000
Dividends:
On preferred stock	(10,000)		(10,000)
On common stock	(100,000)		(100,000)
Retained earnings, December 31	$4,194,000		$3,704,000

Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$10,850,000		$10,000,000
Cost of merchandise sold	6,000,000		5,450,000
Gross profit	$4,850,000		$4,550,000
Selling expenses	$2,170,000		$2,000,000
Administrative expenses	1,627,500		1,500,000
Total operating expenses	$3,797,500		$3,500,000
Income from operations	$1,052,500		$1,050,000
Other revenue and expense:
Other revenue	99,500		20,000
Other expense (interest)	(132,000)		(120,000)
Income before income tax expense	$1,020,000		$950,000
Income tax expense	420,000		400,000
Net income	$600,000		$550,000

Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1
	20Y2		20Y1
Assets
Current assets:
Cash	$1,050,000		$ 950,000
Marketable securities	301,000		420,000
Accounts receivable (net)	585,000		500,000
Inventories	420,000		380,000
Prepaid expenses	108,000		20,000
Total current assets	$2,464,000		$2,270,000
Long-term investments	800,000		800,000
Property, plant, and equipment (net)	5,760,000		5,184,000
Total assets	$9,024,000		$8,254,000
Liabilities
Current liabilities	$880,000		$800,000
Long-term liabilities:
Mortgage note payable, 6%	$200,000		$0
Bonds payable, 4%	3,000,000		$3,000,000
Total long-term liabilities	$3,200,000		$3,000,000
Total liabilities	$4,080,000		$3,800,000
Stockholders' Equity
Preferred 4% stock, $5 par	$250,000		$250,000
Common stock, $5 par	500,000		500,000
Retained earnings	4,194,000		3,704,000
Total stockholders' equity	$4,944,000		$4,454,000
Total liabilities and stockholders' equity	$9,024,000		$8,254,000

Required:

Determine the following measures for 20Y2, rounding to one decimal place, except dollar amounts which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year.

1. Working capital
2. Current ratio
3. Quick ratio
4. Accounts receivable turnover
5. Number of days' sales in receivables
6. Inventory turnover
7. Number of days' sales in inventory
8. Ratio of fixed assets to long-term liabilities
9. Ratio of liabilities to stockholders' equity
10. Times interest earned
11. Asset turnover
12. Return on total assets
13. Return on stockholders equity
14. Return on common stockholders equity
15. Earnings per share on common stock
16. Price-earnings ratio
17. Dividends per share of common stock
18. Dividend yield